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SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2023
Operating Segments [Abstract]  
Disclosure of Operating Segments
FOR THE YEAR ENDED
DECEMBER 31, 2023
US$ MILLIONS
Total attributable to Brookfield Infrastructure   
Contribution
from
investments
in associates
Attributable
to non-
controlling
interest
As per
IFRS
financials(1)
UtilitiesTransportMidstreamDataCorporateTotal
Revenues(2)
$2,655 $2,193 $1,736 $724 $ $7,308 $(2,125)$12,748 $17,931 
Costs attributed to revenues(3)
(1,328)(958)(741)(277) (3,304)783 (8,210)(10,731)
General and administrative costs
    (413)(413)  (413)
Other (expense) income
(115)(11)(23) 186 37 47 (336)(252)
Interest expense(333)(336)(288)(172)(211)(1,340)372 (1,533)(2,501)
FFO879 888 684 275 (438)2,288 
Depreciation and amortization(1,429)477 (1,787)(2,739)
Deferred taxes(30)(18)43 (5)
Mark-to-market on hedging
items and other
(397)5 91 (301)
Share of earnings from
associates
 459  459 
Net income attributable to
non-controlling interest
  (1,016)(1,016)
Net income attributable to
partnership(4)
$432 $ $ $432 
FOR THE YEAR ENDED
DECEMBER 31, 2022
US$ MILLIONS
Total attributable to Brookfield Infrastructure
Contribution
from
investments
in associates
Attributable
to non-
controlling
interest
As per
IFRS
financials(1)
UtilitiesTransportMidstreamDataCorporateTotal
Revenues(2)
$1,872 $1,985 $1,661 $607 $— $6,125 $(2,470)$10,772 $14,427 
Costs attributed to revenues(3)
(771)(903)(724)(262)— (2,660)1,241 (6,933)(8,352)
General and administrative costs
— — — — (433)(433)— — (433)
Other (expense) income(86)(6)(3)134 46 29 (313)(238)
Interest expense(276)(282)(191)(113)(129)(991)314 (1,178)(1,855)
FFO739 794 743 239 (428)2,087 
Depreciation and amortization
(1,282)507 (1,383)(2,158)
Deferred taxes(113)(15)42 (86)
Mark-to-market on hedging
items and other
(285)382 (39)58 
Share of earnings from
associates
— 12 — 12 
Net income attributable to
non-controlling interest
— — (968)(968)
Net income attributable
to partnership(4)
$407 $— $— $407 
FOR THE YEAR ENDED
DECEMBER 31, 2021
US$ MILLIONS
Total attributable to Brookfield Infrastructure Contribution
from
investments
in associates
 Attributable
to non-
controlling
interest
 As per
IFRS
financials(1)
UtilitiesTransportMidstreamDataCorporateTotal
Revenues(2)
$1,623 $1,775 $990 $606 $— $4,994 $(1,976)$8,519 $11,537 
Costs attributed to revenues(3)
(681)(807)(378)(271)— (2,137)964 (5,038)(6,211)
General and administrative costs— — — — (406)(406)— — (406)
Other (expense) income(64)(8)(4)106 37 (256)(210)
Interest expense(173)(259)(116)(104)(103)(755)258 (971)(1,468)
FFO705 701 492 238 (403)1,733 
Depreciation and amortization(1,144)480 (1,372)(2,036)
Deferred taxes(168)(10)(62)(240)
Mark-to-market on hedging
items and other
672 187 806 1,665 
Share of earnings from associates— 88 — 88 
Net income attributable to
non-controlling interest
— — (1,626)(1,626)
Net income attributable
to partnership(4)
$1,093 $— $— $1,093 
(1)The above table reconciles Brookfield Infrastructure’s share of results to our partnership’s Consolidated Statements of Operating Results on a line by line basis by aggregating the components comprising the earnings from our partnership’s investments in associates and reflecting the portion of each line item attributable to non-controlling interests.
(2)Revenues on a consolidated basis were $7,862 million (2022: $5,238 million, 2021: $4,622 million) from our utilities segment, $3,897 million (2022: $3,533 million, 2021: $3,497 million) from our transport segment, $4,205 million (2022: $3,957 million, 2021: $1,829 million) from our midstream segment and $1,967 million (2022: $1,699 million, 2021: $1,589 million) from our data segment.
(3)Costs attributed to revenues exclude depreciation and amortization expense. Refer to Note 23, Direct Operating Costs, for further details.
(4)Includes net income attributable to limited partners, the general partner, non-controlling interests - Redeemable Partnership Units held by Brookfield, non-controlling interests - Exchangeable units and non-controlling interests - BIPC exchangeable shares.
The following is an analysis of Brookfield Infrastructure’s assets by reportable operating segment:
Total Attributable to Brookfield Infrastructure    
Contribution
from
investments
in associates
Attributable
to non-
controlling
interest
Working
capital
adjustment
and other
As per IFRS financials(1)
AS AT
DECEMBER 31, 2023 US$ MILLIONS
UtilitiesTransportMidstreamDataCorporateBrookfield
Infrastructure
Total assets$9,035 $11,840 $9,918 $7,511 $(2,480)$35,824 $(7,580)$62,732 $9,808 $100,784 
 Total Attributable to Brookfield Infrastructure    
Contribution
from
investments
in associates
Attributable
to non-
controlling
interest
Working
capital
adjustment
and other
As per
IFRS
financials(1)
AS AT
DECEMBER 31, 2022 US$ MILLIONS
UtilitiesTransportMidstreamDataCorporateBrookfield
Infrastructure
Total assets$7,337 $8,333 $9,747 $4,002 $(1,208)$28,211 $(5,434)$41,327 $8,865 $72,969 
(1)The above table provides each segment’s assets in the format that management organizes its reporting segments to make operating decisions and assess performance. Each segment is presented based on our partnership’s share of total assets, taking into account Brookfield Infrastructure’s ownership in operations using consolidation and the equity method whereby our partnership either controls or exercises significant influence over the investment, respectively. The above table reconciles Brookfield Infrastructure’s share of total assets to total assets presented on our partnership’s Consolidated Statements of Financial Position by removing net liabilities contained within investments in associates and joint ventures and reflecting the assets attributable to non-controlling interests, and adjusting for working capital assets which are netted against working capital liabilities.
Revenue and Assets by Geographical Region
Substantially all of our partnership’s revenues are recognized over time as services are rendered. The following table disaggregates revenues by geographical region.
US$ MILLIONS202320222021
Canada$4,611 $4,438 $2,423 
United States4,175 2,840 2,644 
United Kingdom2,194 1,604 1,511 
India1,945 1,878 1,717 
Brazil1,522 1,538 1,164 
Colombia996 900 862 
Australia678 666 617 
France442 — — 
Spain318 — — 
Peru144 111 96 
New Zealand128 112 121 
Chile — 138 
Other778 340 244 
$17,931 $14,427 $11,537 
US$ MILLIONS20232022
Canada$23,114 $22,711 
United States17,702 13,384 
United Kingdom11,535 8,092 
India9,669 9,269 
Brazil5,237 4,476 
France5,153 729 
Australia3,826 4,290 
Switzerland2,197 — 
Singapore1,687 — 
China1,573 — 
Denmark1,445 198 
Peru1,295 1,202 
Colombia1,288 989 
New Zealand319 338 
Other Europe4,650 424 
Other Asia1,460 56 
Other655 125 
$92,805 $66,283